The only thing constant is change.
November 30, 2007
They say, “The only thing constant is change.” Now a day, gas prices seem to be the most visible symbol of that old adage. It’s a constant reminder that we are paying more for the same thing. And this is happening across the board. Even in the supermarket, prices are going up but the package has gotten smaller.
Telecom… We are paying less per minute, but more for services.
Our clients are saving from 20% to 40%.
Data … Downtime is the hidden cost.
Ask about our Virtual CIO program.
Fleet Management … Gas is over $3.00
“ Put your fleet in the palm of your hands”
If you’ve found yourself troubled about these same issues, feel free to contact us george@hbsadvantage.com . We review and validate your specific costs of doing business, and provide strategic solutions that will increase your cash flow and your bottom line.
Our team brings over 25 years of experience, independence, objectivity, and responsible analysis to the table. We stand behind our work to make sure every client is satisfied.
Contact us today and ask about our Free 50-minute consultation.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
HBS…Your CFO on the Go.
Defining Opportunities Today,…Providing Savings for Tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Where did my day go?
November 16, 2007
Where did the day go? I had a whole list of things I wanted to get done but that went out the window as soon as I walked in this morning.
Sound familiar! Are you running your day or the day running you?
Ever think of outsourcing?
Companies have come to realize that outsourcing is a fairly powerful and effective management tool. It allows you to address an issue, provide a solution; increase efficiencies and profits while keeping your pulse on daily activities that demand your attention.
When a company approaches outsourcing for the first time the most challenging question is the most basic one:
Where do we begin?
A recent executive forum favored starting with generic, transaction based business processes such as finance, accounting and information technology. They felt that these fields offer quick wins, attractive returns with relatively low levels of risk.
Hutchinson Business Solutions….Your Outsource Solution
Today it is more important than ever to take an objective look at your operating expenses.
Below are areas with great opportunities for savings.
- Payroll Taxes – There is a 50% chance you are overpaying payroll taxes.
- Sales Tax – Long thought to be the “cost of doing business.”
- Telecom – Clients are saving from 10 % to 40%.
- Fleet Management – You can now “put your fleet in the palm of your hand.”
- Data Solutions – Ask about our Virtual CIO Managed Service Program.
- Utilities – Deregulated savings for large volume users.
- Insurance – Cost continue to trend from 10% to 20% a year.
Many clients are enjoying the savings and have received refunds for overpayments.
A new global study on business outsourcing relationships finds that:
· 74% use “business outcomes” to measure performance
· 61% say outsourcing helps their companies perform better
· 74% are satisfied with their outsourcing experience
Thinking of outsourcing? Call 856-857-1230 or email george@hbsadvantage.com to discuss what opportunities are available.
Hutchinson Businees Solutions…Your CFO on the Go
Defining opportunities today, increasing profits for tomorrow.
Take the First Step Today
November 16, 2007
HBS goes beyond the “bottom line” by introducing fresh, bold ideas that set the pace for future profitability. Opportunities to increase profits are available; take the first step today and continue reading …
Below is an overview of some of the projects HBS has been working on recently and the opportunities presented to our clients. We invite you to be one of our success stories.
Opportunity: Payroll Tax
Client spun off from major area bank and set up new company in spring of 2004. New Federal ID numbers were issued and tax rates were assigned by both State and Federal agencies.
Solution:
Upon reviewing the assigned tax rates, it was determined that the client made duplicate payroll tax payments in three areas. Our client received a substantial 5-figure refund from these agencies.
Opportunity: Voice and Data
Major South Jersey non-profit health organization invited HBS to review their current voice and data configuration and costs.
Solution:
Multiple solutions were initiated to provide substantial savings as well as insure quality of service. All Verizon platform lines were converted to a local carrier, servicing the Verizon network, for over a 40% savings. The long distance was also ported to the same provider for a 50+% savings. Total annual savings totaled over $50,000.
Opportunity: Sales Tax
Major South Jersey Company, building multiple locations in three states, retained HBS to review the effects of sales tax liability in those states.
Solution:
Upon reviewing multiple invoices of multiple vendors involved with the construction of these locations, it was determined that our client had overpaid sales tax on real property issues in all three states. Customer received over a $3m refund.
Opportunity: Voice and Data
Growing area Mortgage Company requested that HBS review their current voice and data configuration and costs.
Solution: Multiple solutions were initiated to provide substantial savings as well as insure quality of service. All Verizon platform lines were converted to a local carrier, servicing the Verizon network, for over a 40% savings. As a result of our efforts, the customer was able to cancel multiple lines that showed no usage. We are currently reviewing their long distance and data contracts – potential savings over $100,000.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230 or email george@hbsadvantage.com
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
Hutchinson Business Solutions…Your CFO on the Go.
Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Why you should look at Unemployment Taxes
November 14, 2007
Unemployment is the 2nd highest employer mandated tax, yet no one seems to question it.
What is your current rate?
Your Unemployment account is similar to having an open checkbook with the State:
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The State assigns your rates
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The State has total control of all monies in the account
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The State determines the amount of each payment and disburses payments from this account
- The State sends a quarterly reconciliation of all activity in the account
Would you handle your personal account this way?
How much did your company pay into Unemployment last year?
What is your reserve balance? (How much is in your State Checkbook)?
Did You Know:
- The State of New Jersey has a 12% error rate in the payment of unemployment claims.
- The state is overpaying the amount of the claim
- The US Dept of Labor states that there is a 50% chance a company is overpaying taxes if they have been involved with a merger, acquisition or restructuring
- All the due diligence is done prior to the above activity
- The papers are then sent to the state to be recorded
- Who validates that the transaction was recorded properly by the State
Hutchinson Business Solutions ( HBS ) works as an advocate for our clients. The onus is on the company to show that their rate is incorrect and that you may have overpaid Payroll Taxes.
We have a 90% success rate
Our team of experts deals only with Unemployment and other payroll related taxes only. We are able to look back over the past 3 to 4 years and determine if your rates were calculated properly. If there is an error, we will review the information with the client and take the necessary steps to have it corrected.
There is no upfront fee, we are only paid if there is a mistake and the client receives a refund and or credit to correct the rates.
This is a Win / Win
- HBS will validate your unemployment rates are correct.
- There is no upfront cost; we work on a contingency basis.
- These taxes have already been paid!
You may qualify for a Refund!
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230 or email george@hbsadvantage.com
Hutchinson Business Solutions…Your CFO on the Go.
Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Why pay more taxes?
November 6, 2007
You work hard for your money. The government has imposed taxes that all individuals and companies must pay.
An individual hires an accountant to review their earning and verify they pay only their fair share. Tax laws are complicated so you rely on these professionals to review applicable codes to make sure the amount paid is correct.
Corporations pay multiple taxes; they hire professionals’ to review annual revenues and calculate corporate taxes due both the state and federal government. Yet companies fail to review two of the largest taxes they pay on a recurring basis.
Unemployment Taxes – This is the 2nd highest employer mandated tax. Think of having an open checkbook in the state’s hands. They tell you what your rate is and how much you should put into the account. (The states average a 10% error rate in the calculation of these rates.) Then they send you a quarterly statement outlining how much they took out of your account.
Would you handle your personal checking account this way?
10% error rate!! Could you be paying too much?
Sales Tax – Talk about being complicated. Do you know the laws of what is a taxable item? You are not alone!
It seems when in doubt; tax it.
Why aren’t companies taking the time to look at these taxes?
Is paying taxes a sign of patriotism?
We all agree that we should pay our fair share!
Remember, the government is not asking you to overpay? They have taken the time to detail what should be paid.
We have a 90% success rate recovering overpayments of sales tax.
If you have not taken the time to ask yourself these questions, maybe now is a good time to start.
Next Step
We have a 90% success rate in getting refunds for our clients.
Remember these taxes (Unemployment Taxes or Sales tax) have already been paid.
All these issues are time sensitive. We have seen cases where clients have lost out on an opportunity to secure a refund for they hesitated and the statute of limitations to process the claim had run out.
There are no upfront costs for our services. We are only compensated by our ability to identify issues and provide refunds for our clients
Take the step to act now!
Ask the question!
You may qualify for a refund!
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
HBS…Your CFO on the Go. Defining opportunities today, increasing profits for tomorrow.Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Where does the money go?
November 6, 2007
How much do we have in the checkbook? Are we expecting any checks? Payroll is coming up again the end of this week.
Can you hear yourself saying this?
How much do we have on our Line of Credit?
Does this sound familiar?
What bills can we push off for week or two?
Do you ever find that cash is tight? What if we can show you how to increase your cash flow?
Does that interest you?
Hutchinson Business Solutions has great success increasing cash flow by providing saving and efficiencies. We review cost that most companies take for granted and find better ways to produce the best results.
Why wait? Take the bite out of trying to collect slow receivables.
We will help you to lower cost.
Call Hutchinson Business Solutions.
Let the cash flow so you can meet your commitments more timely.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
HBS…Your CFO on the Go. Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
How much are we paying?
November 5, 2007
Each month, new invoices are received and processed for payment. Not much thought goes into them, for the amount normally falls into a comfort level. As long as you don’t see any spike in charges, they are approved and paid.
Savings is a parity of how much you spend!
If you are spending $200 a month for one of your services and can save 20%, does that get your attention?
Let’s say you are spending $500, $2000 or even $10,000 a month for a service, can you see how a 20% savings grows.
Do we have your attention yet?
Our clients find value with our services for they see tangible results in lower cost and increased cash flow. Many times we are asked to look for additional savings in other areas of their business. That is our forte. We review and validate specific cost and provide opportunities to increase efficiencies and profits.
You get what you pay for! We all have heard that line before. The real question should be, “Are we getting what we paid for?”
We all have spoken to customer service reps or sales reps and requested changes on specific accounts. Remember spending all that time on the phone adjusting your cell phone minutes? That was really going to lower your bill? The invoice comes in the next month and it’s even higher. You find yourself back to square one. The changes were never processed.
Does anyone ever do what we ask?
Promoting Accountability
We pride ourselves in being an advocate for business. Any business, no matter how small or how large, we find the same scenarios.
“We are not getting what we’re paying for.”
This can change!
Let HBS be your advocate promoting accountability and savings.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
HBS…Your CFO on the Go. Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Downtime ….# 1 expense in IT
November 5, 2007
As business continues to evolve, our dependency on computers to gather and process all our information needs becomes more frightening. The computer addresses our needs for instant gratification. All we need to know is now at our fingertips.
What happens when there is a hiccup? The system goes down. All of a sudden everyone becomes frantic!! Deadlines, loss of productivity, even lost sales opportunities.
What is the cost?
– One hour of downtime for a company doing $4 million in annual revenue costs $2000 per hour.
– The average company in the U. S. experiences 2 hours of downtime a week
$2000/hour x 2 hours x 4 weeks = $ 16,000 a month
What is the cost for your company?
IT has now become the # 1 variable cost after HR.
Is your company being proactive?
Does this sound familiar?
– Failures occur without notice
– Hard to plan your day putting out fires
– Everything is a # 1 priority
– Frustrated users
– Time spent on tasks that should be automated
Virtual CIO
Our EMS network operation center will monitor and manage your IT and security structure 24 x 7 x 365 days a year.
Our flat rate pricing structure will lower cost and increase efficiencies.
Contact us today to learn more about our Virtual CIO Managed Services Program.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
HBS…Your CFO on the Go. Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
One client at a time
November 5, 2007
Each week I sit down to write an article, which talks about providing savings to our clients. Being a CFO on the Go, we run into many varied opportunities to provide savings and increase efficiencies of service.
When meeting with a new client, it is very important to listen and concentrate on what the client is actually saying. Where is the greatest need for our services?
Have they reviewed all their operating costs? How is their relationship with their existing provider or broker? Do they shop their account every year?
The ability to maintain a client for the long term is directly related to the ability to build a relationship based on trust and to properly service the account.
What Hutchinson Business Solutions brings to the client is a fresh approach. We have built a series of strategic partners who are all experts in their related fields. What makes us unique is the ability to provide excellent service in all these areas.
More important than the ability to provide excellent service is the ability to build a relationship with our client. People like to deal with someone they know, like and trust. It is important to build a bond of friendship with the client for they are relying on your expert advice to provide a solution that works.
We have made it our mission to continually educate our clients so they are presented with all the facts and possibilities, allowing them to make the best decision. Our clients see value in this approach and many times we are asked, “ What else can you help us with.”
We would like to thank all our clients for their continued support. It is a privilege to have developed friendships with so many great individuals.
Spread the good news….. share this information with a friend.
Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.
Hutchinson Business Solutions has a 90% success rate providing savings and getting refunds for our clients.
You might even qualify for a refund!
HBS…Your CFO on the Go. Defining opportunities today, increasing profits for tomorrow.
Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.
Hutchinson Business Solutions 